Plain English Breakdown
The bill was vetoed, so it did not become law despite passing the Legislature.
Increasing Value for Vehicle Auctions Without Court Order
This act increases the maximum value of property from $12,500 to $17,000 that can be sold at public auction without a court order when there is a lien on a motor vehicle.
What This Bill Does
- Increases the limit for selling vehicles with liens in auctions from $12,500 to $17,000.
Who It Names or Affects
- People who have their car in the hands of companies like tow trucks, garages, or self-storage places.
- Businesses that keep cars temporarily and want to sell them at auctions.
Terms To Know
- lien
- A legal claim on a property by someone who is owed money for it.
- public auction
- A sale where items are sold to the highest bidder in front of everyone.
Limits and Unknowns
- The bill was vetoed by the Governor, meaning it did not become law.
- It is unclear how many more vehicles will be affected by this change.
- There may be concerns about whether vehicle owners are protected from unauthorized sales.